RECRUIT<08073> - Results Announcement Recruit Holdings Limited announced on 24/02/2006: (stock code: 08073 ) Year end date: 31/12/2005 Currency: HKD Auditors' Report: Unqualified Important Note: This result announcement form only contain extracted information from and should be read in conjunction with the detailed results announcement of the issuer, which can be view on the GEM website at http://www.hkgem.com (Audited ) (Audited ) Last Current Corresponding Period Period from 01/01/2005 from 01/01/2004 to 31/12/2005 to 31/12/2004 Note ('000 ) ('000 ) Turnover 2 : 227,103 103,995 Profit/(Loss) from Operations 3 : 38,867 34,014 Finance cost : (539) 0 Share of Profit/(Loss) of Associates : 0 0 Share of Profit/(Loss) of Jointly Controlled Entities : 0 0 Profit/(Loss) after Tax & MI : 37,094 33,986 % Change over Last Period : +9 % EPS/(LPS)-Basic (in dollars) 4 : 0.1357 0.1454 -Diluted (in dollars) 4 : 0.1346 0.1447 Extraordinary (ETD) Gain/(Loss) : 0 0 Profit/(Loss) after ETD Items : 37,094 33,986 Final Dividend : HK 4 cents N/A per Share (Specify if with other : N/A N/A options) B/C Dates for Final Dividend : 11/04/2006 to 13/04/2006 bdi. Payable Date : 28/04/2006 B/C Dates for Annual General Meeting : 11/04/2006 to 13/04/2006 bdi. Other Distribution for : N/A Current Period B/C Dates for Other Distribution : N/A For and on behalf of Recruit Holdings Limited Name : Ho Suk Yi Title : Company Secretary Responsibility statement The directors of the Company (the "Directors") as at the date hereof hereby collectively and individually accept full responsibility for the accuracy of the information contained in this results announcement form (the "Information") and confirm, having made all reasonable inquiries, that to the best of their knowledge and belief the Information are accurate and complete in all material respects and not misleading and that there are no other matters the omission of which would make the Information herein inaccurate or misleading. The Directors acknowledge that the Stock Exchange has no responsibility whatsoever with regard to the Information and undertake to indemnify the Exchange against all liability incurred and all losses suffered by the Exchange in connection with or relating to the Information. Remarks: Notes: 1. Basis of preparation The consolidated financial statements of the Group have been prepared in accordance with Hong Kong Financial Reporting Standards ("HKFRS") as published by the Hong Kong Institute of Certified Public Accountants ("HKICPA"), the disclosure requirements of the Hong Kong Companies Ordinance and the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited ("Listing Rules"). From 1 January 2005, the Group has adopted the new and revised standards and interpretations of HKFRS, which are relevant to its operations. This includes the following new, revised and renamed standards: HKAS 1 Presentation of Financial Statements HKAS 2 Inventories HKAS 7 Cash Flow Statements HKAS 8 Accounting Policies, Changes in Accounting Estimates and Errors HKAS 10 Events after the Balance Sheet Date HKAS 14 Segment Reporting HKAS 16 Property, Plant and Equipment HKAS 21 The Effects of Changes in Foreign Exchange Rates HKAS 24 Related Party Disclosures HKAS 27 Consolidated and Separated Financial Statements HKAS 28 Investments in Associates HKAS 32 Financial Instruments : Disclosure and Presentation HKAS 33 Earnings per Share HKAS 36 Impairment of Assets HKAS 37 Provisions, Contingent Liabilities and Contingent Assets HKAS 39 Financial Instruments: Recognition and Measurement HKFRS 2 Share-based Payment HKFRS 3 Business Combinations All the standards have been applied retrospectively except where specific transitional provisions require a different treatment and accordingly the 2004 financial statements and their presentation have been amended where necessary in accordance with HKAS 8. Due to the change in accounting policies, some of the 2004 comparatives contained in these financial statements differ from those published in the financial statements for the year ended 31 December 2004. 2. Turnover Year ended 31st December 2005 2004 HK$'000 HK$'000 Advertising income 160,033 103,615 Publication sales and recruiting and other service income 537 380 Printing income 66,533 - ------------------------- 227,103 103,995 ========================= 3. Profit from operations Profit from operations is arrived at after charging (crediting): Year ended 31st December 2005 2004 HK$'000 HK$'000 Auditors' remuneration 549 250 Cost of inventories recognised as expense 23,153 - Depreciation Owned assets 4,350 1,360 Leased assets 596 - Exchange loss, net 734 25 Loss on disposal and write off of property, plant and equipment 226 1 Minimum lease payments paid under operating leases in respect of: Rented premises 2,522 1,211 Internet access line 84 91 Provision for impairment of receivables 698 290 Staff costs (2004: restated) 33,016 15,994 Dividend income from equity investments (18) - Gain from changes in fair value of investment properties (3,140) (1,945) Gain on partial disposal of investments in subsidiaries (6,000) - Interest income (405) (222) Operating lease rental income from: Subleasing of office premises - (90) Investment properties (1,334) (88) Realised and unrealised gains on financial assets at fair value through profit or loss (239) - 4. Earnings per share The calculation of the basic and diluted earnings per share is based on the following data: Year ended 31st December 2005 2004 HK$'000 HK$'000 Profit attributable to equity holders of the Company 37,094 33,986 =========================== Number of shares ('000) (Restated) Weighted average number of ordinary shares for the purposes of basic earnings per share 273,431 233,784 Effect of dilutive potential ordinary shares in respect of share options granted 2,076 1,142 --------------------------- Weighted average number of ordinary shares for the purposes of diluted earnings per share 275,507 234,926 =========================== |